Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $65K paid to officers and key staff.
Matt Peters’s $65K as Executive Director is at the 10th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Matt Peters | $64,611 | $87,764 | $88,600 | $79,919 | $81,998 | $72,399 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Provides affordable housing to low-income individuals and families.
Questions for Freeport Housing Trust INC
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Operation of a 30 unit low-income housing project known as varney square.
Operation of an 18 unit low-income housing project known as maplewood terrace.
Operation of a 30 unit low-income housing project known as village view.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.1M | $5.0M |
| InvestmentsLn 11–13 | $71K | $71K |
| Land, buildings, equipmentLn 10c | $4.3M | $4.0M |
| Total assetsLn 16 | $9.7M | $10.4M |
| LiabilitiesLn 26 | $4.0M | $3.9M |
| Net assetsLn 32 | $5.7M | $6.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $16K | $16K | ||
| Pay of current officers, directors and key staffLn 5 | $86K | $86K | ||
| Payroll taxesLn 10 | $7K | $7K | ||
| Management feesLn 11a | $142K | $69K | $74K | |
| Accounting feesLn 11c | $25K | $25K | ||
| Advertising and promotionLn 12 | $883 | $883 | ||
| InterestLn 20 | $98K | $98K | ||
| Depreciation, depletion and amortizationLn 22 | $283K | $283K | ||
| InsuranceLn 23 | $73K | $73K | ||
| Other expenses (24a–d)Ln 24 | $435K | $435K | ||
| All other expensesLn 24e | $98K | $98K | ||
| Total functional expensesLn 25 | $1.3M | $1.2M | $99K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $2.0M | $1.3M | $760K | $6.5M | 990 PDF |
| FY2024 | $1.9M | $1.3M | $622K | $5.7M | 990 PDF |
| FY2023 | $1.4M | $1.2M | $211K | $4.8M | 990 PDF |
| FY2022 | $1.9M | $1.1M | $760K | $4.5M | 990 PDF |
| FY2021 | $1.3M | $985K | $313K | $4.0M | 990 PDF |
| FY2020 | $697K | $627K | $70K | $3.3M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $2,024,988 revenue, 12 lines filed
Part VI · Governance 13 of 13 board members independent, 3 to look at
Part VIII · Statement of revenue $2,024,988 across 4 lines filed
Part IX · Statement of functional expenses $1,264,524 across 11 lines filed
Part X · Balance sheet $10,417,290 assets, 13 lines filed
Part XI · Reconciliation of net assets $6,472,223 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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